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5G in Uruguay Improves Conditions for Doing Business

5G in Uruguay Improves Conditions for Doing Business

Uruguay is not only a country with a favourable investment climate, a promising macroeconomic performance and a strategic location for international trade. It is also one of 34 countries worldwide to deploy 5G network in its cities. Learn about the introduction of 5G in Uruguay and the advantages of doing business in the country. The introduction of 5G in Uruguay Uruguay is the third country in the world to start regular 5G operations. ANTEL has recently completed the installation of the first commercially available 5G network in Latin America. This makes Uruguay one of the first countries in the world to introduce the new 5G mobile communications standard.The telecommunications company built the infrastructure as part of a public-private partnership. According to the company, the new network enables the supply of up to one million devices per square kilometre with a transmission speed of one gigabyte per second. Likewise, as claimed by José Otero, President of the non-profit organization "5G Americas", Uruguay is the third country in the world to start regular 5G operations. What is 5G? 5G is the fifth generation of mobile radio and the direct successor to 4G, which is also known as Long Term Evolution (LTE). The main features of the new network are higher data rates and shorter latency times. The aim of 5G is to increase the transmission speed in the network and to reduce the latency times to enable real-time communication between devices. In comparison to the previous LTE standard, 5G allows: Up to a 10-fold increase in the data rate from previously a maximum of 1...

Doing Business in Mexico

Doing Business in Mexico

As businesses across Latin America and indeed around the world look for new opportunities in 2019 and beyond, expanding into new markets is often considered one of the best options for growth and long-term profitability. However, deciding on the right market for your expansion can be tough. There are countless factors to take into consideration before you can ensure a return on investment and commit to operating in a country on the other side of the world. Below, we offer a summary for Mexico in 2019, share its most profitable and valuable industries, and discuss the future of the country’s economy as we head into 2020. Doing Business in Mexico - Overview of Mexico’s economy Mexico is the ninth-largest export economy in the world and the twenty-first most complex economy according to the Economic Complexity Index (ECI). Also, as the second-largest economy in Latin America, Mexico is in expansion. The Mexican economy expanded at a modest pace of 2% annually during the first half of 2018. Its potential growth is impacted by progress around the North American Free Trade Agreement (NAFTA) renegotiations and the past Presidential elections. Mexico's gross domestic product (GDP) expanded 0.1% on quarter in the three months to June 2019. It recovered from a 0.2% contraction in the previous period, and beat market expectations of a 0.1% fall. A preliminary estimate showed services activity advanced slightly while the industry did not contribute to the growth, and agriculture output contracted sharply. GDP growth rate in Mexico averaged 0.59% from 1993 until 2019, reaching an...

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